Bond Insurance Company

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Bond Insurance Company

A company that sells insurance on bonds. That is, a bond insurance company guarantees that the principal and coupon on a bond will be paid at the appropriate times. The bond insurance company does this in exchange for a premium. Insured bonds carry a higher credit rating.
References in periodicals archive ?
Product purchase - sales contract - 7 per cent of the contract price (excluding VAT) of a bank guarantee or surety bond insurance companies (applicable if the contract price is greater than or equal to 50 000).
The downgrades of most bond insurance companies over the past 18 months have made it more difficult and costly for municipalities to issue bonds.
As a result of the subprime mortgage meltdown, banks, brokerages and bond insurance companies are facing a raft of professional liability-related litigation.
Dinallo, in a testimony before the United States House of Representatives Committee on Financial Services, discussed what the Insurance Department has been doing to help the municipal bond market and stabilize the bond insurance companies.
Bond insurance companies generally consider the same factors as the rating agencies in examining an issuer's credit.
NEW YORK -- Bond insurance companies CIFG Assurance North America, Inc.
The implosion of the municipal bond insurance companies added insult to injury.
The department conducted a meeting with the counter parties and policyholders of the bond insurance companies," said Andy Mais, spokesperson for the Insurance Department.
Issuers should take into consideration the credit worthiness of potential bond insurance companies themselves.
Our deep experience in this area underscores our dedication to assisting a wide range of constituents, including state governments, investment banks, law firms, credit rating agencies and municipal bond insurance companies with structuring tobacco-based securitizations and bond offerings while providing unparalleled verification services.
The supplier of the contract provides in Lithuania or abroad registered a bank or credit union guarantee or surety bond insurance companies.